Senior Finance Manager / Head Of Finance - Bangkok - SIME DARBY AUTO SPORTS LTD. (Head Office)

Work location: Bangkok

Key Responsibilities:

1.      Financial & Accounting

-      Review monthly, quarterly and annual financial closing reports with operating units.

-      Analyze and interpret financial results for operating units: Porsche / BMW / MINI.

-      Ensure timely and accurate submission of reports to head office in Malaysia (MY).

-      Highlight any material variances or irregularities to head office and recommend corrective actions.

-      Monitor monthly results against budget/forecast.

-      Oversee and manage all accounting and financial operations of the group.

-      Review and verify GL, AP, AR, Fixed Assets, Inventory, and reconciliation items on a monthly basis for all entities.

-      Approve financial transactions and accounting entries prior to posting and closing.

-      Lead and review bank reconciliation for all bank accounts

-      Investigate discrepancies, unreconciled items, missing entries, and ensure timely clearing.

2.      Tax & VAT Management

-        Review and ensure accuracy of all tax submissions, including:

         a) VAT (Input/Output), PP.30, PP.36

         b) Withholding tax: PND.1, 3, 53, 54

         c) Corporate income tax (mid-year and annual)

-        Identify tax risks and provide advisories to head office and local management.

-        Aid and ensure all operating units comply with tax laws and regulations.

-        Liaise with the Revenue Department during tax audits and provide required documentation.

-        Perform annual corporate tax review with tax consultation locally.

3.      Internal Control / Audit / Legal

-      To drive closure of all internal/external audit findings by ensuring that corrective action plans are implemented timely.

-      Audit reviews with internal and external auditors.

-      Perform Country Risk Champions, Actions plan and risk monitoring.

-      Perform Country Compliance Champions, Actions plan and compliance monitoring.

-      Ensure compliance with Thai Accounting Standards (TFRS), tax laws, and group policies.

-        Monitor and follow up on all outstanding litigations of operating units and the financial exposure.

-        Liaise with legal advisor before management sign off to ensure interest of the Group is well protected.

4.      Treasury

-        Cash flow planning to ensure maximize fund utilization, minimize funding cost and optimize return on investments.

-        Manage working capital requirements within the available facility.

-        Liaise with bankers and Motors Division Treasury dept on banking facilities and intra group loan.

5.      Strategy & CAPEX spending

-      Review Annual Management Plan and coordinate the preparation of the budget with operating units.

-      Evaluate and prepare proposals and financial projections for capital investments in Plant & Equipment, Network and
       other Projects.

-      Assist Country head in executing, monitoring and tracking the strategy plans as set forth in the M Plan.

6.      Others

-      Leading Procurement activities and ensure compliance with procurement policy.
-      Perform Tender Committee and Directorship role.

•Qualification:

-        Good written and verbal communication skills in English and able to work independently.

-        Bachelor’s degree or professional qualification in Finance & Accounting.

-        Minimum 3 years of managerial role within related to automotive, retail or service industry.

-        Minimum 2 years’ experience in full year cycle of year end closing, audit, tax submission and budgeting.

-        Strong experience in Tax, VAT, Bank Reconciliation, and Financial Closing

-        Strong knowledge of Thai accounting standards (TFRS), accounting and tax principle, including Thailand corporate and tax laws.

-        Experience and are able to liaise with government department.